Proposed Provision: Beginning in 2021, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $300,000 in 2017, with the threshold wage-indexed after 2021. Provide proportional benefit credit for additional earnings taxed.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2013330330
2014315315
2015301301
2016286286
2017271271
2018257257
2019244244
2020231231
2021218218
2022204205
2023189191
2024173178
2025158163
2026142148
2027125133
2028108117
202990100
20307183
20315265
20323146
20331126
2034-116
2035-32-14
2036-55-35
2037-78-56
2038-101-78
2039-124-100
2040-148-122
2041-172-145
2042-196-167
2043-220-190
2044-245-213
2045-269-236
2046-294-259
2047-319-283
2048-345-307
2049-371-331
2050-397-355
2051-423-380
2052-449-404
2053-476-429
2054-502-454
2055-530-480
2056-557-505
2057-585-532
2058-613-558
2059-642-586
2060-671-613
2061-701-641
2062-732-670
2063-763-700
2064-794-729
2065-826-760
2066-859-790
2067-892-821
2068-925-853
2069-959-885
2070-993-918
2071-1028-951
2072-1064-985
2073-1101-1020
2074-1139-1056
2075-1178-1093
2076-1217-1131
2077-1258-1169
2078-1299-1208
2079-1340-1248
2080-1382-1287
2081-1424-1327
2082-1466-1367
2083-1508-1407
2084-1550-1447
2085-1592-1487
2086-1635-1528
2087-1678-1569
2088-1722-1611
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